Let me start by saying that this is not a price discussion, rather a discussion of economics within the monero ecosystem.
please watch this video with balaji srinivasan to understand where I’m coming from:
Bitcoin was used at one point as a currency for economic activity for non-speculative reasons. I.e. business using them/ goods and services being exchange. This was the driving force for the network effect that bitcoin currently has. Monero is on that same path. If we keep building, mainstream merchant adoption will come and the ecosystem will grow. If the ecosystem grows, we will have a closed loop system. This is key, as the selling pressure is diminished.